Why Isn't Plan C Medigap Policy More Popular???
- Thread starter TampaHound
- Start date
- 6,457
Just bumping this thread for reference.
I have just received the "overthinking advisory" (again
). 
It was also suggested that I made a (possibly inappropriate) comment out of inexperience. I am perfectly capable of doing that, and have done it, but that situation was not one of those/these times.
The comment was meant to show that I had, immediately after posting the question, seen a reference to another relevant thread and taken the trouble to read and develop at least a partial answer to my own question.
Reference post 10 in this thread for authority.
Reference also posts 2, 6 and 8 for other useful background.
I have just received the "overthinking advisory" (again
). It was also suggested that I made a (possibly inappropriate) comment out of inexperience. I am perfectly capable of doing that, and have done it, but that situation was not one of those/these times.
The comment was meant to show that I had, immediately after posting the question, seen a reference to another relevant thread and taken the trouble to read and develop at least a partial answer to my own question.
Reference post 10 in this thread for authority.
Reference also posts 2, 6 and 8 for other useful background.
Just bumping this thread for reference.
I have just received the "overthinking advisory" (again
It was also suggested that I made a (possibly inappropriate) comment out of inexperience. I am perfectly capable of doing that, and have done it, but that situation was not one of those/these times.
The comment was meant to show that I had, immediately after posting the question, seen a reference to another relevant thread and taken the trouble to read and develop at least a partial answer to my own question.
Reference post 10 in this thread for authority.
Reference also posts 2, 6 and 8 for other useful background.
He's saying a few years ago and I may have only been at this for 8 years but even 8 years ago I never heard of anyone selling C. Now if the cost was low enough compared to F, sure go for it. But $1-5 isn't moving the needle for me.
- 1,199
I have sold med supps since 1992 and back then before the limiting charge of 15% was implemented there use to be a bigger difference in premium between F and C - i would sell 2 to 1 plan c over f
- 1,432
I have a different theory.
C was the most popular plan years when the lettered plans were first offered. It was significantly less expensive than F and almost as good.
However, eventually that policy got more expensive as those policyholders got older and started utilizing more services.
- 6,457
So do we now have all the "usual suspects"?
Insurors varying commission compensation for different plan categories.
Legislation and/or regulation minimizing or eliminating the uniqueness of variation between plans.
Increasing plan utilization increasing claim $ paid out increasing plan premiums paid in.
Insurors varying commission compensation for different plan categories.
Legislation and/or regulation minimizing or eliminating the uniqueness of variation between plans.
Increasing plan utilization increasing claim $ paid out increasing plan premiums paid in.
$1 difference, but even more importantly, the confusion. Plan C? Part C? Omg don't even want to deal with the confusion that creates with the seniors!
That is truly a mystery.. I don't know of any agent that would base their decision on what to write based on how much commission they receive. Their only concern is what is best for the client.
Okay, I did leave out the part about the rates for Plan C going up, which is what started the ball rolling, but the point I was trying to make is that the companies really started pushing plan F by offering more commission. I think it would have naturally gravitated toward Plan F, but the companies must have thought they needed to push it.
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